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KembaraXtra – Legal Terms – Penalty
A penalty is a punishment or sanction imposed for wrongdoing, breach of law, or breach of contract.
In criminal law, penalties may include imprisonment, fines, or other sanctions imposed by statute or common law.
In contract law, a penalty clause is a contractual term requiring payment of an excessive sum upon breach of contract.
Courts distinguish unenforceable penalty clauses from valid liquidated damages clauses intended as genuine estimates of loss.
Tax penalties may also be imposed for incorrect or fraudulent tax returns and are subject to fair trial protections under the European Convention on Human Rights.
A penalty is a punishment or sanction imposed for wrongdoing, breach of law, or breach of contract.
In criminal law, penalties may include imprisonment, fines, or other sanctions imposed by statute or common law.
In contract law, a penalty clause is a contractual term requiring payment of an excessive sum upon breach of contract.
Courts distinguish unenforceable penalty clauses from valid liquidated damages clauses intended as genuine estimates of loss.
Tax penalties may also be imposed for incorrect or fraudulent tax returns and are subject to fair trial protections under the European Convention on Human Rights.
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